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Zimbabwe to Introduce Gold-Backed Digital Currency: Report

The Reserve Bank of Zimbabwe, or RBZ, plans to introduce a gold-backed digital currency as legal tender to help stabilize the local currency, the Zim dollar, according to reporting by the Sunday Mail. “The Hash” panel discusses what this could mean for the future of money in Zimbabwe and the debate over central bank digital currencies.

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Judge Rules in Favor of Yuga Labs Over Bored Ape Yacht Club NFT Copycats

Yuga Labs, the company behind the popular Bored Ape Yacht Club (BAYC) NFT collection, received a legal victory in the form of a partial summary judgment in its copyright case against Ryder Ripps and Jeremy Cahen who are the creators behind RR/BAYC. “The Hash” discusses various opinions about this lawsuit and what it could mean for satirical NFTs in the future.

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SEC Warns Advisers They Need to Know Crypto Before Proposing to Clients

Brokers and investment advisers have to understand crypto and ensure it's in clients’ best interests before pitching investments, the SEC staff said in a bulletin. Former SEC Enforcement Branch Chief Lisa Bragança joins "All About Bitcoin" to discuss the state of crypto regulation in the U.S. and reacts to SEC Chair Gary Gensler's testimony before House lawmakers earlier this week.

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Bitcoin on Pace to End the Week Roughly 8% Lower

In the last seven days, the largest cryptocurrency by market cap has fallen roughly 8%. Bitcoin’s drop appears to be dragging the rest of the crypto market with it. TradingView data shows the total crypto market cap slipping to $1.14 trillion. CoinDesk Contributor Lawrence Lewitinn presents “The Chart of the Day.”

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Bitcoin Drops Below $28K

Bitcoin has fallen below $28,000, reaching a 24-hour low of $27,314.22. This comes as the increase in bitcoin's dominance rate has halted, hinting at the potential outperformance of altcoins ahead. Tactive Wealth Advisor Eddy Gifford joins “All About Bitcoin” to discuss his bitcoin price outlook.

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Major Firms Deny Backing Bankruptcy Claims Exchange OPNX

Trading firms Susquehanna International Group (SIG), DRW and venture-capital firm Nascent are denying backing OPNX, the bankruptcy claims exchange founded by the same people who created Three Arrow Capital. Separately, the Ontario Teachers' Pension Plan, which wrote off its $95 million investment in the now bankrupt cryptocurrency exchange FTX, says it won't rush into another crypto investment, according to a report from the Financial Times.

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NFT Marketplace Sales Are Dropping, Dune Data Shows

According to multiple dashboards compiled by researchers on analytics platform Dune, OpenSea and Blur are experiencing notable losses in both daily users and sales. “The Hash” panel discuss the potential catalysts to sales across NFT marketplaces sinking over the last seven days.

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Bitcoin's Dominance Rate Hints at Upcoming 'Altcoin Season'

“The Hash” panel discusses the increase in the largest cryptocurrency's share of the overall crypto market, or bitcoin's (BTC) dominance rate, halting, which hints at the potential outperformance of alternative tokens known as altcoins ahead. Altcoins are any cryptocurrency other than bitcoin.

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OPNX Tweets Backers of the Bankruptcy Claims Exchange Include Susquehanna

"The Hash" panel discusses the "major investors" in OPNX, a new exchange for trading bankruptcy claims founded by the people behind failed crypto hedge fund Three Arrows Capital (3AC), includes high-profile firms, including Susquehanna International Group (SIG), the company tweeted Friday. Not long after, three of those supposed "major investors," Susquehanna International Group (SIG), DRW and Nascent, denied what OPNX said.

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1inch to Launch on Ethereum Rollup zkSync Era

“The Hash” panel discusses 1inch, the decentralized exchange (DEX) aggregator, launching a version of its platform onto zkSync Era, the recently released Ethereum scaling network from Matter Labs. The company, which nabbed $175 million in a 2021 series B funding round, is one of the biggest protocols yet to launch on a zero-knowledge EVM.

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